Barwa Real Estate selling bank stake for $656m

Dubai, January 20, 2014

The deal, which still requires government approval, is part of an existing agreement with Qatari Diar under which BRE is selling some of its assets to the government-owned property developer to help pay off some of its debt facilities, BRE said in a bourse filing.

The transaction would reflect positively in BRE's fourth-quarter results for 2013, the statement added. – Reuters